Sonoco Products Company

NYSE SON

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Sonoco Products Company Days Payable Outstanding (DPO) for the year ending December 31, 2023: 75.62

Sonoco Products Company Days Payable Outstanding (DPO) is 75.62 for the year ending December 31, 2023, a -4.09% change year over year. The days payables outstanding ratio measures the average number of days it takes for a company to pay its suppliers. It is calculated by dividing accounts payable by the cost of revenue and then multiplying by 365. This ratio indicates the average payment period for suppliers and reflects the efficiency of managing trade payables. A longer period suggests extended payment terms and potential working capital advantages.
  • Sonoco Products Company Days Payable Outstanding (DPO) for the year ending December 31, 2022 was 78.85, a -11.28% change year over year.
  • Sonoco Products Company Days Payable Outstanding (DPO) for the year ending December 31, 2021 was 88.87, a -2.66% change year over year.
  • Sonoco Products Company Days Payable Outstanding (DPO) for the year ending December 31, 2020 was 91.31, a 19.33% change year over year.
  • Sonoco Products Company Days Payable Outstanding (DPO) for the year ending December 31, 2019 was 76.52, a 3.75% change year over year.
NYSE: SON

Sonoco Products Company

CEO Mr. Robert Howard Coker
IPO Date June 11, 1985
Location United States
Headquarters 1 North Second Street, Hartsville, SC, United States, 29550
Employees 22,000
Sector Consumer Cyclical
Industry Packaging & containers
Description

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products. The Industrial Paper Packaging segment provides paperboard tubes, cones, and cores; paper-based protective packaging products; and uncoated recycled paperboard products. It also offers various packaging materials, including plastic, paper, foam, and other specialty materials. Sonoco Products Company sells its products in various markets, which include paper, textile, film, food, packaging, construction, and wire and cable. The company was founded in 1899 and is headquartered in Hartsville, South Carolina.

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September 20, 2024

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